Get More Information on Digital Banking Platform Market - Request Sample Report
Digital Banking Platform Market was valued at USD 30.3 billion in 2023 and is expected to reach USD 164.7 billion by 2032, growing at a CAGR of 20.7% from 2024-2032.
The digital banking platform market has seen significant growth over the past decade, driven by technological advancements, increasing customer demand for convenience, and shifting from traditional banking services to digital channels.
Key growth factors include the rapid rise of smartphones and mobile internet, enabling users to access banking services anytime, anywhere. The increasing adoption of cloud-based solutions and artificial intelligence (AI) is also transforming the banking sector, offering enhanced customer experiences, automation, and personalization. Banks are now focusing on providing end-to-end digital solutions to reduce operational costs and cater to the growing millennial and Gen Z population, who prefer mobile-first banking experiences. Furthermore, the growing demand for secure and seamless transactions has driven investments in advanced technologies like blockchain, AI, and machine learning to enhance fraud detection and compliance.
Regulatory support and government initiatives aimed at promoting digital financial inclusion, particularly in developing countries, have also fueled market growth. For instance, many countries have introduced frameworks to regulate fintech and digital banking operations, providing a more favorable environment for growth. Moreover, the rise of challenger banks and neobanks, which operate solely online, has disrupted traditional banking models and created competitive pressure on established players to enhance their digital offerings. As a result, legacy banks are increasingly partnering with fintech companies to improve their technology infrastructure and offer more comprehensive digital services.
Market Dynamics
Drivers
Legacy banks collaborate with fintech companies to improve their digital platforms and technology infrastructure.
Government initiatives to promote digital financial inclusion and favorable fintech regulations drive market growth.
Widespread smartphone usage and mobile internet access enable on-the-go banking services.
Government initiatives and favorable fintech regulations are key drivers of the digital banking platform market, particularly in developing countries. Governments are increasingly focused on promoting digital financial inclusion, ensuring that underserved populations gain access to banking services through digital platforms. This is crucial, as over 1.4 billion people globally still lack access to traditional banking services, according to the World Bank. To address this gap, many countries have implemented regulatory frameworks that encourage the growth of digital banking. For instance, India's Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, has opened over 500 million bank accounts as of 2023, significantly boosting financial inclusion through digital means. Similarly, African nations have seen growth in mobile-based banking due to initiatives supporting fintech innovation and digital payments, with mobile money accounts reaching over 562 million in Sub-Saharan Africa. Favorable fintech regulations, such as open banking policies in Europe under PSD2 (Payment Services Directive), have also fostered innovation, allowing third-party providers to offer enhanced financial services via digital platforms. This regulatory support not only improves access to financial services but also drives market growth.
The rise in smartphone usage and mobile internet access has significantly driven the growth of digital banking platforms. As of 2023, there are over 6.9 billion smartphone users globally, providing a massive base for mobile banking adoption. This widespread access allows consumers to manage finances, transfer money, and perform transactions directly from their devices, promoting on-the-go banking services. Mobile internet penetration is also on the rise, with 67% of the global population now having access to mobile internet, making it easier for individuals to use digital banking platforms without the need for traditional bank branches. This convenience has led to the growing popularity of mobile banking apps, with an estimated 3.6 billion people using mobile banking services in 2023.
Restraints
Increasing risks of data breaches and cyberattacks raise concerns about the safety and trustworthiness of digital banking platforms.
Inadequate internet access and poor infrastructure in some regions restrict the growth of digital banking services.
Established banks with strong brand recognition and customer bases may slow the adoption of digital-only platforms.
Established banks with strong brand recognition and large customer bases can slow the adoption of digital-only banking platforms by leveraging their long-standing relationships, trust, and extensive service networks. Traditional banks often offer a combination of physical branches and digital services, giving customers the flexibility of both in-person and online banking. As a result, many customers remain loyal to these institutions, particularly those who value personal interactions and are less comfortable with fully digital platforms.
In 2023, traditional banks still dominate, holding over 85% of global banking market share, despite the rise of digital-only banks, or neobanks. Neobanks, such as Revolut and Chime, attract younger, tech-savvy customers with simplified services and lower fees, but they hold a smaller portion of the market. For example, in the UK, digital-only banks accounted for just 8% of all current accounts in 2022.
Moreover, established banks have significantly invested in upgrading their digital offerings, making it harder for neobanks to differentiate themselves. For instance, JPMorgan Chase and Bank of America have each invested billions in digital transformation to enhance their online services, further solidifying their competitive edge. As a result, while digital-only banks are growing, the dominance of traditional banks remains a barrier to their widespread adoption.
Inadequate internet access and poor infrastructure in certain regions significantly limit the growth of digital banking services. In developing countries, especially in parts of Africa, Asia, and Latin America, large portions of the population lack reliable internet connectivity and access to smartphones. According to the International Telecommunication Union (ITU), about 2.6 billion people globally still do not have access to the internet as of 2023. This digital divide makes it difficult for many individuals to use mobile or online banking platforms, stalling the expansion of digital financial services. Additionally, poor infrastructure, such as unreliable electricity and weak telecommunications networks, further hampers digital banking adoption. For instance, in Sub-Saharan Africa, internet penetration is only 40%, which restricts digital banking platform usage in rural and remote areas. This limited access to technology and infrastructure creates challenges for digital banking providers looking to expand in these regions, slowing overall market growth.
By Deployment
The on-premise segment dominated the market and held the largest revenue share of 73.2% in 2023. The on-premise model is preferred by many users due to its enhanced security compared to cloud-based software. Since the software is installed and operated within the user’s network, IT and security teams have direct access and complete control over its configuration, management, and security. Larger, well-established banks, particularly in regions with stringent data storage and security regulations, often favor on-premise solutions, as they have the resources to invest in the necessary infrastructure.
The cloud segment accounted for the second-largest revenue share in 2023 and is projected to achieve the highest CAGR during the forecast period. The adoption of cloud and SaaS solutions will be crucial for the future success of inclusive banking. While the inclusive banking landscape presents challenges, the advantages of cloud and SaaS solutions help address these by providing essential financial services to underserved communities.
By Mode
In 2023, the online banking segment dominated the market, capturing a revenue share of 83.7%, and is expected to maintain its dominance with a projected CAGR of 22.1% during the forecast period. Online banking, the latest approach to delivering retail banking services, encompasses a range of functions including inter-account transfers, balance reporting, and other standard banking tasks. These services allow customers to access information and perform tasks, such as paying bills and using a telecommunication network without having to leave their homes or businesses.
The mobile banking segment is anticipated to grow at a CAGR of around 23.0% during the forecast period. Key drivers of mobile banking's success include lower service fees and rising smartphone penetration.
By Component
In 2023, the platform segment dominated the market and represented over 61.6% revenue share. Since the advent of fintech, tech giants have introduced reforms and new platforms, prompting banks to undergo digital transformation. To address client needs and proactively launch new products, banks are increasingly adopting digital technologies.
The shift of financial services to the cloud enables the development of customer-centric strategies, reduces entry barriers, and broadens access to banking solutions. It also creates opportunities for innovative service packages leveraging scale, data, and technology. This transition allows for quicker and easier access to data, facilitating regulatory reporting, risk management, and the detection of anomalies.
Managed data center services can enhance corporate operations in hybrid IT environments by boosting business automation and improving management. With the rise in cyberattacks, the use of managed security services across various industries is expected to grow. Managed security services are commonly used in business operations to safeguard sensitive data. The increasing complexity of networks presents significant challenges to effective data security management, driving the demand for and adoption of these services.
By Type
In 2023, the retail banking segment captured a revenue share of over 30.4% and is expected to grow at a CAGR of about 22.8% during the forecast period. The rise of digital banking, advancements in technology, integration of industrial ecosystems, and a greater focus on innovation are creating both challenges and opportunities for banking. As customers increasingly turn to digital platforms and fintech solutions, traditional connections for basic financial services such as deposits, loans, payments, and investments are becoming more fragmented.
The investment banking segment dominated the market and held a revenue share of 37.8% in 2023. Many investment banks have resumed office operations and are holding limited in-person client meetings. To revamp deal origination processes, they have adopted hybrid conference methods and the latest technologies.
Regional Analysis
In 2023, the Asia Pacific region led the market with a revenue share of 33.5% and is expected to experience the highest CAGR of 24.2% during the forecast period. The digital banking sector in Asia is set for substantial expansion, driven by new digital firms that are reshaping the industry and revolutionizing banking for both individuals and businesses. As demand for mobile and online banking options rises, there is exceptional potential for both established players and new entrants, especially as regulators increase license allocations and set standards for a new era of banking.
North America was the second-largest regional market, holding a revenue share of 27.2%, and is anticipated to grow at a CAGR of 19.9% during the forecast period. The adoption of cloud-based solutions is rising across various business sectors, including banking and finance. Banks are increasingly implementing cloud-based digital banking platforms, a trend likely to persist due to their low initial costs and rapid update capabilities.
Need any customization research on Digital Banking Platform Market - Enquiry Now
The major key players are Fiserv, Inc., Crealogix AG, Temenos, Urban FT Group, Inc., Appway AG, Alkami Technology Inc., Finastra, Urban FT Group, Inc., Q2 Software, Inc., Sopra Banking Software, Tata Consultancy Service and others.
Recent Developments
In April 2024, nCino enhanced the omnichannel capabilities of its consumer banking solution for banks and credit unions. This upgrade allows bankers to better engage with customers regarding their preferences and needs in the global financial services sector.
In September 2023, Temenos introduced a groundbreaking secure solution for banks that integrates generative artificial intelligence (AI) to automatically classify customers' banking transactions.
| Report Attributes | Details |
| Market Size in 2023 | USD 30.3 Bn |
| Market Size by 2032 | USD 164.7 Bn |
| CAGR | CAGR of 20.7% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment ( On-Premise, Cloud ) • By Mode (Online Banking, Mobile Banking) • By Type (Retail Banking, Corporate Banking, Investment Banking) • By Component (Platforms, Services, Professional Services, Managed Services ) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Fiserv, Inc., Crealogix AG, Temenos, Urban FT Group, Inc., Appway AG, Alkami Technology Inc., Finastra, Urban FT Group, Inc., Q2 Software, Inc., Sopra Banking Software, Tata Consultancy Service and others. |
| Key Drivers | • Government initiatives to promote digital financial inclusion and favorable fintech regulations drive market growth.
• Widespread smartphone usage and mobile internet access enable on-the-go banking services. |
| Key Restraints | • Inadequate internet access and poor infrastructure in some regions restrict the growth of digital banking services. • Established banks with strong brand recognition and customer bases may slow the adoption of digital-only platforms. |
Digital Banking Platform Market was valued at USD 30.3 billion in 2023 and is expected to reach USD 164.7 billion by 2032, growing at a CAGR of 20.7% from 2024-2032.
The growth rate of the Digital Banking Platform Market is 20.7% over the forecast period 2024-2032.
The major key players are Fiserv, Inc., Crealogix AG, Temenos, Urban FT Group, Inc., Appway AG, Alkami Technology Inc., Finastra, Urban FT Group, Inc., Q2 Software, Inc., Sopra Banking Software, Tata Consultancy Service and others.
In 2023, the Asia Pacific region led the market with a revenue share of 33.5% and is expected to experience the highest CAGR of 24.2% during the forecast period.
The Digital Banking Platform Market is segmented into 4 types: By Component, By Deployment, By Mode, and By Banking type.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, by Region
5.3 Cybersecurity Incidents, by Region (2020-2023)
5.4 Cloud Services Usage, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Digital Banking Platform Market Segmentation, by Deployment
7.1 Chapter Overview
7.2 On-Premise
7.2.1 On-Premise Market Trends Analysis (2020-2032)
7.2.2 On-Premise Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3Cloud
7.3.1Cloud Market Trends Analysis (2020-2032)
7.3.2Cloud Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Digital Banking Platform Market Segmentation, by Mode
8.1 Chapter Overview
8.2 Online Banking
8.2.1 Online Banking Market Trends Analysis (2020-2032)
8.2.2 Online Banking Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3Mobile Banking
8.3.1 Mobile Banking Market Trends Analysis (2020-2032)
8.3.2 Mobile Banking Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Digital Banking Platform Market Segmentation, by Component
9.1 Chapter Overview
9.2 Platforms
9.2.1 Platforms Market Trends Analysis (2020-2032)
9.2.2 Platforms Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Services
9.3.1 Services Market Trends Analysis (2020-2032)
9.3.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.3 Professional Service
9.3.3.1 Professional Service Market Trends Analysis (2020-2032)
9.3.3.2 Professional Service Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3.4 Managed Service
9.3.4.1 Managed Service Market Trends Analysis (2020-2032)
9.3.4.2 Managed Service Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Digital Banking Platform Market Segmentation, by Type
10.1 Chapter Overview
10.2 Retail Banking
10.2.1 Retail Banking Market Trends Analysis (2020-2032)
10.2.2 Retail Banking Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Corporate Banking
10.3.1 Corporate Banking Market Trends Analysis (2020-2032)
10.3.2 Corporate Banking Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 Investment Banking
10.4.1 Investment Banking Market Trends Analysis (2020-2032)
10.4.2 Investment Banking Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.2.4 North America Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.2.5 North America Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.6 North America Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.2.7.2 USA Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.2.7.3 USA Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.7.4 USA Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.2.8.2 Canada Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.2.8.3 Canada Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.8.4 Canada Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.2.9.2 Mexico Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.2.9.3 Mexico Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.2.9.4 Mexico Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.1.7.2 Poland Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.1.7.3 Poland Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.7.4 Poland Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.1.8.2 Romania Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.1.8.3 Romania Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.8.4 Romania Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.4 Western Europe Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.5 Western Europe Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.6 Western Europe Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.7.2 Germany Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.7.3 Germany Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.7.4 Germany Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.8.2 France Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.8.3 France Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.8.4 France Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.9.2 UK Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.9.3 UK Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.9.4 UK Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.10.2 Italy Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.10.3 Italy Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.10.4 Italy Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.11.2 Spain Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.11.3 Spain Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.11.4 Spain Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.14.2 Austria Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.14.3 Austria Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.14.4 Austria Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.4 Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.5 Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.6 Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.7.2 China Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.7.3 China Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.7.4 China Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.8.2 India Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.8.3 India Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.8.4 India Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.9.2 Japan Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.9.3 Japan Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.9.4 Japan Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.10.2 South Korea Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.10.3 South Korea Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.10.4 South Korea Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.11.2 Vietnam Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.11.3 Vietnam Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.11.4 Vietnam Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.12.2 Singapore Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.12.3 Singapore Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.12.4 Singapore Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.13.2 Australia Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.13.3 Australia Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.13.4 Australia Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.1.4 Middle East Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.1.5 Middle East Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.6 Middle East Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.1.7.2 UAE Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.1.7.3 UAE Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.7.4 UAE Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.2.4 Africa Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.2.5 Africa Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.6 Africa Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Digital Banking Platform Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.6.4 Latin America Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.6.5 Latin America Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.6 Latin America Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.6.7.2 Brazil Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.6.7.3 Brazil Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.7.4 Brazil Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.6.8.2 Argentina Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.6.8.3 Argentina Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.8.4 Argentina Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.6.9.2 Colombia Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.6.9.3 Colombia Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.9.4 Colombia Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Digital Banking Platform Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Digital Banking Platform Market Estimates and Forecasts, by Mode (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Digital Banking Platform Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Digital Banking Platform Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
12. Company Profiles
12.1 Fiserv
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Verticals Offered
12.1.4 SWOT Analysis
12.2 Crealogix AG
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Verticals Offered
12.2.4 SWOT Analysis
12.3 Temenos
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Verticals Offered
12.3.4 SWOT Analysis
12.4 Urban FT Group
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Verticals Offered
12.4.4 SWOT Analysis
12.5 Appway AG
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Verticals Offered
12.5.4 SWOT Analysis
12.6 Alkami Technology Inc
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Verticals Offered
12.6.4 SWOT Analysis
12.7 Finastra
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Verticals Offered
12.7.4 SWOT Analysis
12.8 Urban FT Group
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Verticals Offered
12.8.4 SWOT Analysis
12.9 Q2 Software
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Verticals Offered
12.9.4 SWOT Analysis
12.10 Sopra Banking Software
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Verticals Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Deployment
On-Premise
Cloud
By Mode
Online Banking
Mobile Banking
By Type
Retail Banking
Corporate Banking
Investment Banking
By Component
Platforms
Services
Professional Services
Managed Services
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The System Integrator Market size was valued at USD 28.5 Billion in 2023, Will Reach grow to USD 52.4 Billion by 2032 & grow at a CAGR of 7.0% by 2024-2032.
The Asia Pacific Global Capability Centers Market Size was USD 81.61 Bn in 2023 and will reach $310.73 Bn by 2032 and grow at a CAGR of 14.46% by 2024-2032.
Business Process Management Market was worth USD 15.07 billion in 2023 and is predicted to be worth USD 50.35 billion by 2032, growing at a CAGR of 14.37% between 2024 and 2032.
The Telecom Billing and Revenue Management Market size was valued at USD 13.01 Billion in 2023 and is expected to reach USD 29.1 Billion by 2032 and grow at a CAGR of 9.39% over the forecast period 2024-2032.
The video Conferencing Market was valued at USD 9.3 billion in 2023 and is expected to reach USD 25.0 billion by 2032, growing at a CAGR of 11.6% from 2024-2032.
Digital Printing Market was worth USD 33.07 billion in 2023 and is predicted to be worth USD 70.48 billion by 2032, growing at a CAGR of 8.79% between 2024 and 2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
